Broadstone Net Lease Inc reports results for the quarter ended in September - Earnings Summary

Broadstone Net Lease

02/11/2023 08:06

* Broadstone Net Lease Inc  BNL.N  reported quarterly
adjusted
earnings of 26 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 16 cents.  The mean expectation of
two analysts for the quarter was for earnings of 17 cents per
share. Wall Street expected results to range from 16 cents to 17
cents per share.
    * Revenue rose 5.8% to $109.54 million from a year ago;
analysts
expected $111.38 million. 
    * Broadstone Net Lease Inc's reported EPS for the quarter
was 26
cents​.
    * The company reported quarterly net income of $49.68
million.
    * Broadstone Net Lease Inc shares had fallen by 1.5% this
quarter and lost 13.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for Broadstone Net
Lease Inc is $18.00 
This summary was machine generated from LSEG data November 2 at
08:06 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.38           0.39           Beat
 Jun. 30 2023      0.39           0.37           Missed
 Mar. 31 2023      0.38           0.41           Beat
 Dec. 31 2022      0.38           0.39           Beat